Mutual of America Capital Management LLC Reduces Holdings in Materion Co. (NYSE:MTRN)

Mutual of America Capital Management LLC lowered its stake in shares of Materion Co. (NYSE:MTRN) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,984 shares of the basic materials company’s stock after selling 363 shares during the quarter. Mutual of America Capital Management LLC owned about 0.13% of Materion worth $3,026,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MTRN. Vanguard Group Inc. increased its stake in Materion by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 2,553,237 shares of the basic materials company’s stock valued at $336,389,000 after purchasing an additional 12,041 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Materion by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,213,367 shares of the basic materials company’s stock valued at $131,201,000 after acquiring an additional 12,454 shares during the period. Trigran Investments Inc. raised its stake in Materion by 1.9% in the 4th quarter. Trigran Investments Inc. now owns 687,794 shares of the basic materials company’s stock worth $89,503,000 after acquiring an additional 12,500 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Materion by 21.8% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 538,975 shares of the basic materials company’s stock worth $58,280,000 after acquiring an additional 96,525 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Materion by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 350,247 shares of the basic materials company’s stock valued at $37,872,000 after purchasing an additional 5,585 shares during the last quarter. 93.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised Materion from a “sell” rating to a “hold” rating in a report on Thursday, August 8th.

Materion Stock Down 1.1 %

NYSE:MTRN opened at $106.84 on Tuesday. The firm has a market capitalization of $2.21 billion, a P/E ratio of 26.78 and a beta of 1.18. The company’s fifty day moving average price is $112.08 and its 200-day moving average price is $115.30. Materion Co. has a 1-year low of $92.23 and a 1-year high of $145.08. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.25 and a quick ratio of 1.21.

Materion (NYSE:MTRN) last issued its quarterly earnings data on Monday, August 5th. The basic materials company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.03. The business had revenue of $425.87 million during the quarter, compared to analysts’ expectations of $424.02 million. Materion had a return on equity of 12.20% and a net margin of 4.80%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.38 EPS. As a group, equities research analysts anticipate that Materion Co. will post 5.74 EPS for the current year.

Materion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 23rd were given a dividend of $0.135 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.54 annualized dividend and a yield of 0.51%. Materion’s dividend payout ratio is presently 13.53%.

Materion Company Profile

Materion Corporation, together with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other.